Japan considers additional allowance allocation under GX-ETS
Japan is contemplating giving additional allowances to companies exposed to carbon leakage risk and those actively investing in decarbonisation solutions under the country’s emissions trading scheme.
Read MoreG30 urges tougher carbon pricing and use of removals credits in ETSs
Carbon pricing must become the central driver of decarbonisation in heavy industry and long-distance transport, according to a high-level report published Tuesday, which also called for the use of carbon removals allowances in emissions trading schemes (ETSs) to help boost investment.
Read MoreGlobal carbon pricing coalition could raise $185 bln a year for members -study
A coalition of countries organised to harmonise carbon pricing and link markets, as proposed by the Brazilian government, could generate up to $185 billion annually for members, according to a study published on Tuesday by Harvard University and the Massachusetts Institute of Technology.
Read MoreEU considering only allowing countries with an ETS to use real emissions data for CBAM reporting
Brussels is considering a change to how emissions are reported by installations outside the EU that are subject to the Carbon Border Adjustment Mechanism (CBAM), which could lead to a greater uptake of emission trading systems across the globe, an industry consultancy claiming knowledge of the matter told Carbon Pulse.
Read MorePoland will ask for ETS exemptions for steel, chemical and cement to support defense – climate minister
A Polish top climate official said the country would be seeking to secure exemptions from the EU Emissions Trading Scheme (ETS) for sectors supporting the defense industry in upcoming EU talks about the future of the bloc’s carbon pricing mechanism. Â
Read MoreEU’s planned CBAM extension to chemicals risks missing bulk of fossil emissions, researchers warn
European Union plans to extend its flagship Carbon Border Adjustment Mechanism (CBAM) to chemicals could leave 50-60% of the emissions unpriced unless the policy is significantly strengthened to account for greenhouse gases embedded in fossil feedstocks and refinery products, according to new research.
Read MoreCOP30: Brazil to propose new forum for climate-related trade issues -media
Brazil will present a plan next week to establish a new forum for international discussions on the intersection of climate and trade, an international media outlet reported Wednesday.
Read MoreNorway urges EU to broaden CBAM scope to curb carbon leakage risks
Norway has called on the European Commission to expand the EU’s Carbon Border Adjustment Mechanism (CBAM) to include more downstream products and strengthen anti-circumvention rules, warning that gaps in the regulation could undermine its effectiveness.
Read MoreDeal to simplify EU CBAM breezes through European Parliament
Nearly all members of the European Parliament voted in favour of measures to simplify the EU’s Carbon Border Adjustment Mechanism (CBAM) on Wednesday, paving the way for the proposal to become law in the coming weeks.
Read MoreDanish EU presidency pushing to kick start UK ETS linking talks as soon as possible
Copenhagen is keen to begin negotiations on linking the EU and UK emissions trading systems (ETSs) as quickly as possible, although how soon the two sides can reach an agreement depends on political will, an official from the Danish presidency of the Council of EU member states said on Monday.
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